Editorial

Abstract

Although the editorial project originated with the September 2001 attacks on the twin towers of the World Trade Center in New York, Ola Financiera was born and published its first issue in September 2008, a few days after the bankruptcy of Lehman Brothers. It has been fifteen years since that Monday, September 15, when the world woke up to the news that the authorities had failed to reach agreements for a bailout or orderly sale for the bank, as was the case with Bear Stearns almost half a year earlier. From that point on, there was a cascade of bailouts in the United States (US): from the largest car companies; semi-public mortgage banking; and the multiple Wall Street markets with various facilities for obtaining collateral of last resort, and several financial asset purchase programs backed by the lender of last resort.